- Posted October 1, 2008 by
This iReport is part of an assignment:
A win, win, win strategy to get desired products
One reason why I have not purchased a vehicle in over 7 years and am holding off on a home purchase is because the products I want are not available yet. I want a solar-hydrogen-electric hybrid vehicle that will greatly reduce or completely eliminate my need for a fueling station. I also want my vehicle to employ technologies that are developed in America so my purchase contributes to the American economy.
For my home, I want a solar-BEAMR (http://peswiki.com/index.php/Directory:Penn_State_Microbial_Fuel_Cells_Produce_Hydrogen_from_Waste_Water) hybrid with the addition of a rain water collection and usage system. Like my vehicle, I want my home to employ technologies that are developed in America.
This may sound outlandish and very wishful thinking but look at California’s NanoSolar, Ohio’s Energy Conversion Devices (stock ticker = ENER) and Iowa’s Hydrogen Engine Center (stock ticker = HYEG). These American companies are making my desired products a reality. Therefore I am using some of my down payment funds to invest in public companies like these. My plan is to apply some of my gains toward purchasing a vehicle that is closest to my desired product.
By the way my 2006-2007 investments in American clean energy companies and mutual funds are up over 25%.
To me this is a win, win, win strategy – My action (investing) is contributing to products I desire. I am practicing what I preach (buying American clean energy) and I am doing something that is good for the environment. Imagine the impact on the auto and housing industries if more people do the same.
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